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110 Samaritan Dr 6,948 SF Office/Medical Condo Unit Offered at $596,000 in Cumming, GA 30040
Investment Highlights
- Leased to a national medical chain tenant, Geode Health, with multiple extension options.
- Recently updated with a new roof and security system for reduced maintenance costs.
- Approximately 80 surface parking spaces available within the complex for tenant and visitor convenience.
- Projected 7% cap rate supported by long-term lease and steady rental escalations.
- Includes an additional 200 square feet shared by attorneys, adding flexibility and revenue potential.
- Located near Canton Road with connectivity to surrounding retail, business, and residential areas.
Executive Summary
The property is a commercial office condominium located at 110 Samaritan Drive in Cumming, Georgia. The building was constructed in 2008 and has two stories totaling approximately 26,400 square feet. The parcel numbers are C08-000-124 and C08-000-130. Zoning for this property is OI/GC, and it is situated near major local roadways, including Kelly Mill Road and Canton Road, providing access to the surrounding Cumming business district. The property includes approximately 80 surface parking spaces.
1 Unit Available
Unit 101-102
| Unit Size | 6,948 SF | Sale Type | Investment |
| Price | $596,000 | Cap Rate | 7.00% |
| Price Per SF | $85.78 | NOI | $41,720 |
| Condo Use | Office/Medical |
| Unit Size | 6,948 SF |
| Price | $596,000 |
| Price Per SF | $85.78 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $41,720 |
Description
Combined for National Tenant
**Long-term Tenants**: The property is currently leased to a national chain tenant, Geode Health, with 3 plus years remaining on their lease. Extensions are available, providing stability and potential for long term revenue.
**Financials**: The condo offers a competitive **7% CAP rate** making it an attractive investment. Additionally, it benefits from low HOA/CAM fees, enhancing its profitability. This space houses a national chain medical facility. The practice is in a thriving community. Its combination of location, tenant stability, and tailored features make it a compelling choice for investors.
Sale Notes
This well-maintained space presents a unique investment opportunity in an excellent location, close to Canton Road. With a national chain tenant already in place, this property ensures a steady income stream, making it a sound investment choice.
+3 More
20260502_123812
20260502_123804
20260502_123549
20260502_123634
20260502_123712
20260502_123723
20260502_123736
20260502_123531
Property Facts
| Total Building Size | 26,400 SF | Typical Floor Size | 13,200 SF |
| Property Type | Office (Condo) | Year Built | 2008 |
| Property Subtype | Medical | Lot Size | 1.82 AC |
| Building Class | C | Parking Ratio | 3.03/1,000 SF |
| Floors | 2 | ||
| Zoning | O1/GC - Commercial Business District | ||
| Total Building Size | 26,400 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 13,200 SF |
| Year Built | 2008 |
| Lot Size | 1.82 AC |
| Parking Ratio | 3.03/1,000 SF |
| Zoning | O1/GC - Commercial Business District |
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110 Samaritan Dr
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